Raymond James Financial Inc. Invests $2.30 Million in Univest Financial Co. (NASDAQ:UVSP)

Raymond James Financial Inc. bought a new position in shares of Univest Financial Co. (NASDAQ:UVSP) in the fourth quarter, according to the company in its most recent filing with the SEC. The fund bought 77,891 shares of the financial services provider’s stock, valued at approximately $2,299,000. Raymond James Financial Inc. owned 0.27% of Univest Financial as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. Victory Capital Management Inc. boosted its position in Univest Financial by 2.5% during the 4th quarter. Victory Capital Management Inc. now owns 28,200 shares of the financial services provider’s stock worth $832,000 after purchasing an additional 700 shares during the period. Bailard Inc. lifted its stake in shares of Univest Financial by 1.6% during the fourth quarter. Bailard Inc. now owns 21,132 shares of the financial services provider’s stock worth $624,000 after purchasing an additional 332 shares in the last quarter. Bank of New York Mellon Corp boosted its position in shares of Univest Financial by 0.5% in the fourth quarter. Bank of New York Mellon Corp now owns 152,028 shares of the financial services provider’s stock worth $4,486,000 after buying an additional 807 shares during the period. Everhart Financial Group Inc. grew its stake in shares of Univest Financial by 5.0% in the fourth quarter. Everhart Financial Group Inc. now owns 27,639 shares of the financial services provider’s stock valued at $816,000 after buying an additional 1,319 shares in the last quarter. Finally, Rhumbline Advisers grew its stake in shares of Univest Financial by 2.9% in the fourth quarter. Rhumbline Advisers now owns 46,768 shares of the financial services provider’s stock valued at $1,380,000 after buying an additional 1,315 shares in the last quarter. Hedge funds and other institutional investors own 75.07% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Stephens restated an “equal weight” rating and issued a $31.00 price target on shares of Univest Financial in a report on Thursday, January 23rd.

Insider Buying and Selling

In other Univest Financial news, Director Anne Vazquez purchased 1,250 shares of Univest Financial stock in a transaction on Wednesday, March 19th. The stock was bought at an average price of $28.63 per share, for a total transaction of $35,787.50. Following the transaction, the director now owns 6,250 shares of the company’s stock, valued at $178,937.50. The trade was a 25.00 % increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Company insiders own 1.70% of the company’s stock.

Univest Financial Trading Down 2.1 %

NASDAQ:UVSP opened at $28.65 on Monday. The company has a market cap of $830.91 million, a PE ratio of 11.06 and a beta of 0.89. The business’s 50 day moving average is $29.80 and its two-hundred day moving average is $29.51. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 0.17. Univest Financial Co. has a 52 week low of $18.41 and a 52 week high of $32.75.

Univest Financial (NASDAQ:UVSP) last announced its quarterly earnings data on Wednesday, January 22nd. The financial services provider reported $0.65 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.57 by $0.08. Univest Financial had a return on equity of 8.51% and a net margin of 15.17%. On average, analysts predict that Univest Financial Co. will post 2.36 EPS for the current year.

Univest Financial Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, February 19th. Stockholders of record on Wednesday, February 5th were given a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a dividend yield of 2.93%. The ex-dividend date of this dividend was Wednesday, February 5th. Univest Financial’s payout ratio is 32.43%.

Univest Financial Profile

Univest Financial Corporation operates as the bank holding company for Univest Bank and Trust Co that provides banking products and services primarily in the United States. It operates through three segments: Banking, Wealth Management, and Insurance. The Banking segment offers a range of banking services, such as deposit taking, loan origination and servicing, mortgage banking, other general banking, and equipment lease financing services for individuals, businesses, municipalities, and nonprofit organizations.